Citing lax lending policies in each case, the Federal Deposit Insurance Corp. has reprimanded three community banks.

Cache Bank in Greeley, Colo., was accused of operating with inadequate capital and relying too heavily on subprime automobile loans. Though issued in October, the cease-and-desist order was not released to the public until this week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.